Fiserv, Inc. (NYSE:FI) Stock Position Trimmed by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,913 shares of the business services provider’s stock after selling 620 shares during the period. Central Pacific Bank Trust Division’s holdings in Fiserv were worth $2,036,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FI. Waypoint Capital Advisors LLC lifted its holdings in Fiserv by 1.7% in the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after purchasing an additional 51 shares during the period. Optas LLC boosted its holdings in shares of Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after acquiring an additional 54 shares in the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. Covestor Ltd raised its holdings in Fiserv by 7.6% during the third quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock worth $150,000 after purchasing an additional 59 shares in the last quarter. Finally, West Bancorporation Inc. boosted its stake in Fiserv by 3.8% during the 3rd quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock valued at $296,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,821 shares of company stock valued at $18,581,095 in the last 90 days. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Performance

Shares of NYSE:FI traded up $2.12 on Friday, hitting $208.10. 675,285 shares of the company were exchanged, compared to its average volume of 1,330,881. Fiserv, Inc. has a one year low of $131.95 and a one year high of $223.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $118.39 billion, a price-to-earnings ratio of 40.02, a PEG ratio of 1.56 and a beta of 0.93. The company’s 50 day moving average price is $209.10 and its two-hundred day moving average price is $182.52.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.96 EPS. Research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FI. Jefferies Financial Group raised their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada lifted their price objective on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company increased their target price on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, Keefe, Bruyette & Woods increased their price objective on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.88.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.